Shopping Online? Best Practices to Keep Your Identity Safe

Shopping online is easy and convenient. But don’t forget the possibility of fraud often lurks in Internet nooks and crannies. However, here are a few safety precautions you can implement to be as safe as possible and protect your identity and financial information while shopping online.

Only shop on trustworthy websites.

Shopping online can be addictive.  Who wouldn’t want to shop from home cozy in their pajamas while also saving money?  There are many trustworthy retailer websites out there that are safe to shop on.  However, be weary of clicking on email links or website sidebar ads.  Before checking out your online shopping cart and entering your card information, be sure you are visiting the actual website of the business to ensure it is safe.  If something seems too good to be true, it is probably not a legitimate website.

Don’t shop on public WiFi networks.

Hotels, restaurants, and coffee shops often offer free WiFi.  Trouble can arise though, when sensitive personal or financial information is shared over these public networks.  The open nature of public networks can compromise your financial security.  Public WiFi should always be used with caution – never access your bank accounts, personal data, or shop through a public network.

Protect your computer with anti-virus software and secure your internet access with a password.

Often we assume our home WiFi network is safe.  However, vulnerabilities within our home network can also do a lot of damage.  Safe home networks have a personalized SSID, strong passwords, encryption enabled, and updated anti-virus software.  Computers should also be protected with spyware software.

Shop online only with a credit card or use digital wallet.

The Federal Trade Commission recommends that consumers shop online using a credit card over a debit card, to be protected by the Fair Credit Billing Act.  This law allows consumers to dispute charges and withhold payment while under investigation. To read more about which card is safer to use, click here to access our educational guidebook.

For added security, take these preventative measures:

  • Monitor all your accounts through online banking, mobile apps, or monthly statements.
  • Make sure your address, email, and cell phone numbers are updated with your financial institution.
  • Enroll in your smartphone’s digital wallet like Apple Pay or Google Pay, which can be used to pay online. Merchants store a token number and not the actual card to authenticate transactions using you fingerprint, phone’s passcode, or face recognition during checkout.
  • If PayPal is a payment option when checking out online, this is another protective solution that doesn’t have your card entered into a retailer’s website. Plus you also have protective disputing power here too.

Ensure the card entry webpage is secure. 

Entering card information online is definitely something you want to be cautious about.  If the retailer’s website is compromised and you paid with a debit card, you may eventually find $0 in your checking account.  When paying online, try to check to make sure you are on a secure website that will protect your personal information.  There are two ways to check to enure you are on a secure site. First, verify the site’s URL begins with https:// and that there is a small lock in the URL bar.  The “s” in the URL indicates you are on a secure website.  You can also hover over the small lock to the right of the web address to read further details about the site’s security.  An unsecured website will often display a small letter “i” that will also offer information about the site’s security when you hover over it.  Never enter card information on an unsecured site.

Print or save receipts as PDFs. 

As an added security measure, it’s good practice to print or save any online purchase receipts as PDF documents.  Compare the saved receipt with your credit card billing statement to confirm accuracy.

Always be careful when shopping online.  If you follow the above security measures, you’ll have a great chance at keeping your sensitive financial information safe.

Article Source: MaryAnne Colucci for LSC.net

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